Evion Group, which has a market capitalisation of $7 million, adds that the joint venture (JV) has also secured prices for lower specification material at lower prices delivered to Mumbai, India.
Some of the material may be purchased to meet expected short-term demands from certain buyers. The pricing per tonne will vary depending on the lower specification materials delivered.
Evion Group says this is an important step forward given the current shortage of graphite concentrate available worldwide.
Managing Director David Round says the company is currently finishing sales pricing for the short term and will update the market in due course.
“On behalf of our JV partner, we’re very pleased to secure these commercial terms that guarantee us a supply of world-class graphite concentrate that has been tested by us and approved for use,” Round says.
“The current ban on china produced and exported graphite material is causing some increase in worldwide pricing and shortages of supply and, as such, building a strong supply agreement with a reputable partner is important to our ongoing growth and success.”
SYR Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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